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AMC rises as S&P upgrades the Reddit favorite, citing a path to sustainability for the theater operator

1 day ago   |   By Business Insider

AP Photo/Mark J. Terrill
AMC shares rose as much as 8% early Friday after S&P Global Ratings raised the company's credit rating.
The credit rating was upgraded to CCC+ from CCC- but leaves the rating still within a speculative grade.
Fundraising by AMC and prospects for more people buying movie tickets helps improves AMC's financial picture.
See more stories on Insider's business page .
AMC shares climbed Friday, bolstered by an upgrade of its credit rating at S&P Global Ratings which said fundraising by the company should help put the movie-theater chain on steadier financial footing...
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